Food Prices drop amid economic decline

As of November 30, prices for staple food commodities have dropped by 1.5 percent since last week, and by 1.8 percent since last October, according to the National Statistical Office (NSO) of Mongolia.

MEAT

The NSO reports that prices for bone-in mutton have fallen by 5.7 percent, bone-in beef by 1.5 percent, and filleted beef by 1.5 percent since last week, while horse and goat meat prices remained the same. Compared to October, bone-in mutton sold for 7.9 percent less, bone-in beef sold for 6.5 percent less, and filleted beef sold for 4.6 percent less.

VEGETABLES

The prices for a number of vegetables have seen a considerable decline since October, except for turnips, which saw a whopping 26.2 percent price increase. The price for potatoes fell by three percent, carrots by 0.4 percent, cabbages by 5.6 percent, and onions by 0.5 percent in the past month. Turnip prices have skyrocketed since October, but they actually declined by 5.8 percent in the past week. Other vegetable prices remained the same.

DAIRY PRODUCTS

Compared to last month, the price for one liter of processed milk dropped by 2.9 percent while the price of raw milk remained the same.

Compared to last week, there haven’t been any changes to the prices for most dairy products apart from single liters of packaged milk, which rose by 0.5 percent.

OTHER STAPLES

Prices for flour and sugar have not seen changes, but prices for white rice rose by 1.2 percent in the past month.

Prices for eggs, vegetable oil, and butter have remained the same since October.

The UB Post was first founded in 1996, and has since become Mongolia’s leading English-language news outlet. As part of the broader Mongol News group, the UB Post provides comprehensive coverage of social, economic and political developments in Mongolia and elsewhere.